More M&A News – Page 38
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NewsSafe Harbor adds 90th marina
Safe Harbor Marinas’ acquisition streak hasn’t seemed to slow any, as the Dallas, Texas-based marina network operator added a second property in as many months to its portfolio.
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British boating magazines sold as part of £140m deal
TI Media (the former IPC Media Group and later Time Inc UK) has been sold by the Epiris private equity company to Future PLC, a UK-based publisher of consumer magazines and websites.
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NewsX-Yachts buys Swedish powerboat builder
Danish sailboat producer X-Yachts has entered the powerboat market with the acquisition of HOC Yachts in Sweden.
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NewsInmarsat takeover gets green light
The UK government has given its approval for the £2.6bn takeover bid for Inmarsat, the UK’s largest satellite company, to go ahead. Inmarsat is a leading player in the maritime communications sector, including yachting where it is currently looking to grow its involvement.
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NewsIreland Afloat buys Glasgow-based Yachting Life
The Irish online yachting news outlet, Afloat.ie, has recently acquired Scottish boating magazine Yachting Life, the future of which was in doubt following the takeover of the company by a large international publishing group headquartered in Germany.
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NewsSingapore government moves to take over Keppel and Sembcorp Marine
The Singaporean government is bidding to acquire a controlling stake, using its Temasek Holdings investment arm, in Keppel Corporation – a large, diversified business group with significant marine activities in shipbuilding and the offshore sector. The marine interests include Marina at Keppel Bay, one of Singapore’s key yacht marinas.
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NewsLippert Components acquires SureShade
US-based parts and accessories manufacturer Lippert Components Inc (LCI) announced late Monday that it has acquired Rodan Enterprises LLC, manufacturer of the SureShade brand of retractable sunscreens.
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NewsPacsoft International sold
Jonas Software has acquired marina management software specialists Pacsoft International for an undisclosed sum.
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NewsUK Docks buys Royal Clarence Yard
UK Docks, a British ship repair firm with facilities on Tyneside, Teesside, Plymouth and Gosport, recently acquired the 5.7-acre Royal Clarence Yard in Gosport, a former military site that offers access to deep water.
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NewsMatrix Yachts files for liquidation
Cape Town luxury catamaran builder Matrix Yachts has applied for voluntary liquidation in the Cape Town High Court.
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French marina operator buys Dutch marinas
French marina operator Port Adhoc has signed a contract to acquire three marinas in the Netherlands from local group Thuishavens.
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NewsFortress Marine Anchors sold
Fort Lauderdale, Florida-based Fortress Marine Anchors has been purchased by its senior management, including the grandson of company founder Dan Hallerberg.
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Torqeedo owner Deutz buys battery specialist
Exactly two years ago, German engine manufacturer Deutz took over Torqeedo, a leading specialist for electric boating systems. Now Deutz AG has announced the acquisition of the battery specialist Futavis. With the purchase of the company, which is located near the Dutch border, “Deutz AG is supplementing its electrification strategy ...
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NewsJetten Jachtbouw sold
Jetten Jachtbouw of the Netherlands has been sold to MSAR, a Malta-based group of companies owned by Jack Wijnants.
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NewsFasco Fastener sold
Wurth Industry North America has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze and brass fasteners, as part of its global growth strategy.
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NewsUS interiors specialist merges with Italian SY yard
Genesis Interiors, a US-based builder and installer of handmade luxury interiors for yachts and private homes, has merged with Italy’s Cantiere Viareggio.
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NewsSafe Harbor Marinas acquires Newport Shipyard
Newport Shipyard in Newport, Rhode Island, has been purchased by Safe Harbor Marinas, becoming the 85th property for the Dallas, Texas-based owner operator, which has facilities in 19 states.
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Norwegian engine distributors merge
Two Norwegian engine distributors, AS Kellox and Loxkel AS, are to merge on January 1, 2020 and form one company under the name Kellox.
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Patrick Industries acquires GG Schmitt & Sons
Patrick Industries in the US has completed its acquisition of marine OEM supplier GG Schmitt & Sons in a deal characterised as “aligned with our strategic initiatives and capital allocation strategy,” according to a news release from the Indiana-headquartered company.
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NewsYPI sold to Singapore investment group
Superyacht services provider YPI (Yachting Partners International) has been bought from the French commercial shipping brokerage house, BRS, by Mercantile & Maritime Investments (M&MI), the investment division of the Singapore-headquartered group, for an undisclosed price.
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